Definition – Foundation Transparency
Transparency is, in a word, openness. A foundation that operates transparently is one that shares what it does, how it does it, and the difference that it makes in a frank, easily accessible, and timely way. True transparency comes down to a mindset, one in which funders believe they are most effective when they approach all aspects of their work by saying “let’s publicly share this.” But transparency is not just about sharing information and processes. It is also a means to greater accountability, and to building relationships between a foundation and other key groups such as grantees, applicants, partners, and other funders.
Takeaways are critical, bite-sized resources either excerpted from our guides or written by GrantCraft using the guide's research data or themes post-publication. Attribution is given if the takeaway is a quotation.
This takeaway was derived from Opening Up.